AUDUSD jumped higher and found massive sellers

During the Asian session, looks like novice players came in to the market and drove the price higher until it reached a massive amount of institutional willing sellers. SLs were triggered to add up the momentum downwards.

That's not what happened - the market bought on the jobs figure, then sold it on unemployment at 6% and negative full time jobs.... there wasn't a massive seller out there, it just repriced on the latter.

The reality is, price wont move up or down if there is no willing participant such as banks to buy or sell an instrument. News, are driven by the crowd, but institutional players such as banks are just awaiting for the most attractive price in the market for them to sell if it looks expensive and buy if it looks cheap.